The price of time

the real story of interest

All economic and financial activities take place across time. Interest coordinates these activities. The story of capitalism is thus the story of interest: the price that individuals, companies and nations pay to borrow money. In The Price of Time, Edward Chancellor traces the history of ...

Non-performing loans, non-performing people

life and struggle with mortgage debt in Spain

Non-Performing Loans, Non-Performing People tells the previously untold stories of those living with mortgage debt in times of precarity and explores how individualized indebtedness can unite resistance in the struggle toward housing justice. The book builds on several years of Melissa Garcìa-Lamarca's engagement with ...

The economy of promises

trust, power, and credit in America

A comprehensive and illuminating account of the history of credit in America-and how it continues to divide the haves from the have-nots The Economy of Promises is a far-reaching study of credit in nineteenth- and twentieth-century America. Synthesizing and surveying economic and social history, Bruce ...

States and the masters of capital

sovereign lending, old and new

Today, states' ability to borrow private capital depends on stringent evaluations of their creditworthiness. While many presume that this has long been the case, Quentin Bruneau argues that it is a surprisingly recent phenomenon-the outcome of a pivotal shift in the social composition of financial ...

Delinquent

inside America's debt machine

Delinquent takes readers on a journey from Capital One's headquarters to street corners in Detroit, kitchen tables in Sacramento, and other places where debt affects people's everyday lives. Uncovering the true costs of consumer credit to American families in addition to the benefits ...

A war on global poverty

the lost promise of redistribution and the rise of microcredit

A War on Global Poverty provides a fresh account of US involvement in campaigns to end global poverty in the 1970s and 1980s. From the decline of modernization programs to the rise of microcredit, Joanne Meyerowitz looks beyond familiar histories of development and explains why ...

El origen del crédito territorial en España en el siglo XIX

El presente libro contempla el nacimiento en España del crédito territorial, a semejanza de las instituciones francesas y alemanas existentes en Europa en el siglo XIX. El Banco Hipotecario de España fue el primer proyecto en que se materializó la movilización del crédito territorial, basado ...

Systematic investing in credit

Lev and QPS continue to shed light on the most important questions facing credit investors. This book focuses on their latest cutting-edge research into the appropriate role of credit as an asset class, the dynamics of credit benchmarks, and potential ways to benefit from equity ...

La industria de la pobreza y los estados endeudadores

dinero, disciplina y la población excedente

Bajo la rúbrica de “inclusión financiera”, prestar a los pobres (tanto en el Sur como en el Norte global) se ha convertido en una industria ampliamente lucrativa que se expande rápidamente desde los años noventa. Una clave dentro de este libro es “el financiamiento” en ...

El banquero de los pobres

los microcréditos y la batalla contra la pobreza en el mundo

En 1983, en contra de los consejos de la banca y de las autoridades de su gobierno, el profesor Yunus fundó Grameen, un banco dedicado a suministrar préstamos minúsculos a las personas más pobres de Bangla Desh. Su objetivo no era simplemente ayudar a que ...

The great American housing bubble

what went wrong and how we can protect ourselves in the future

The American housing bubble of the 2000s caused the worst global financial crisis since the Great Depression. In this definitive account, Adam Levitin and Susan Wachter pinpoint its source: the shift in mortgage financing from securitization by Fannie Mae and Freddie Mac to “private-label securitization ...

Should we abolish household debts?

We live in a culture of credit. As wages have stagnated over the past few decades, we ve seen a dramatic surge in private borrowing across the western world, with increasing numbers of households sucked into a hopeless vortex of spiralling debt fuelled by exploitative ...

Dark matter credit

the development of peer-to-peer lending and banking in France

How a vast network of shadow credit financed European growth long before the advent of banking Prevailing wisdom dictates that, without banks, countries would be mired in poverty. Yet somehow much of Europe managed to grow rich long before the diffusion of banks. Dark Matter ...

Shadow banking y financiación empresarial alternativa

El presente libro da continuidad a la obra publicada en 2015 sobre “La Regulación del Shadow banking en el contexto de la reforma del mercado financiero”. Sin dejar de prestar atención a las novedades que se suceden en el proceso regulador de la “banca en ...

Secured credit in Europe

from conflicts to compatibility

This monograph seeks the optimal way to promote compatibility between systems of proprietary security rights in Europe, focusing on security rights over tangible movables and receivables. Based on comparative research, it proposes how best to tackle cross-border problems impeding trade and finance, notably uncertainty of ...

Creditworthy

a history of consumer surveillance and financial identity in America

The first consumer credit bureaus appeared in the 1870s and quickly amassed huge archives of deeply personal information. Today, the three leading credit bureaus are among the most powerful institutions in modern life—yet we know almost nothing about them. Experian, Equifax, and TransUnion are ...

Money, payments, and liquidity

In 'Money, Payments, and Liquidity', Guillaume Rocheteau and Ed Nosal provide a comprehensive investigation into the economics of money, liquidity, and payments by explicitly modeling the mechanics of trade and its various frictions (including search, private information, and limited commitment).

Arte y Derecho mercantil

Imagen y concepto de los títulos-valores en la España ilustrada

El siglo ilustrado asistió al declive de una concepción transcendente de la existencia humana basada en la virtud de la fe. Mas el tiempo histórico de la nación y de la Öffentlichkeit (Habermas) comenzó a articular la experiencia colectiva desde otra clase de creencias: por ...

Intelligent credit scoring

building and implementing better credit risk scorecards

A better development and implementation framework for credit risk scorecards Intelligent Credit Scoring presents a business-oriented process for the development and implementation of risk prediction scorecards. The credit scorecard is a powerful tool for measuring the risk of individual borrowers, gauging overall risk exposure and ...

Brother, can you spare a billion?

the United States, the IMF, and the international lender of last resort

When financial crises occur, it has long been accepted that national economies need a lender of last resort to stabilize markets. In today's global financial system, crises are rarely confined to one country. Indeed, they often go global. Yet, there is no formal international ...